401(k) Employer Match


S

SN

In Quicken 2003, when I updated the 401(k) quarterly from the quarterly
statements, I was able to include how much was the employer match. Now in
Quicken 2004, it does not give me the option to record the employer match.

Accordingly to the help screens (not very helpful), it appears that I need
to add this in each automatic payroll entry.

I would appreciate someone giving me some guidance as to 1) how to post the
match, and 2) how to correct the prior two or three quarters that don't show
the match in the account.

Thanks.
Rick
 
Ad

Advertisements

A

Art Matz

You can enter matches by clicking the "Enter Transactions" button. Then
select "Inc - Income" on the drop down list. Put the matching amount in the
"Miscellaneous" box. Then select "_401EmployerContrib" for the category in
the "Category for Miscellaneous" drop down list. Note that the "Category for
Miscellaneous" drop down list is not active until you enter an amount in the
Miscellaneous field.

Art
 
Ad

Advertisements

S

SN

Thanks, I see what you mean.
1. I would assume I should make this entry on each paycheck, or at least
quarterly prior to updating the 401(k) with the statement. Is that correct?

2. Is there a way I can set this up in the recurring payroll entry?

3. Lastly, is there a way, I can correct prior quarters, which were
updated to the statements, without showing this income, yet still be in
balance?

Thanks again.
Rick
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top